Insurance companies operating in Oman have reached a total investment of 903.3 million Omani rials by the end of the first half of 2026, reflecting a 16.2% growth compared to the same period last year. This increase indicates the development and expansion of investment activities in the insurance sector and its positive impact on financial resources in the country.
Distribution of Investments and the Role of Domestic Companies
According to statistics, domestic insurance companies have accounted for approximately 599.5 million Omani rials of the total investments. In contrast, foreign companies' share has been only 303.8 million Omani rials, meaning that domestic companies hold nearly two-thirds of the total investments in this sector. This statistic demonstrates the strength and influence of domestic companies in investment activities in Oman.
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The majority of investments made by insurance companies have been directed towards the domestic market of Oman, with about 80% of total investments allocated to this market and only 20% directed abroad. Conversely, foreign insurance companies have also conducted 86% of their investments within Oman, indicating their inclination to invest in the local market.
More Details on the Types of Investments
Investments by domestic insurance companies have been made in several different areas. Cash and bank deposits, amounting to approximately 269.2 million Omani rials, constitute 45% of total investments. Additionally, investments in commercial bonds have reached 87.3 million Omani rials, government bonds to 77.4 million Omani rials, and shares of listed companies to 76 million Omani rials. Alongside these, about 55.6 million Omani rials have been allocated to investment funds and 28.9 million Omani rials to the real estate sector.
Analyses indicate that investments in Oman have grown by 14.7% compared to last year. Some investment areas, such as investment funds with 114.1%, stocks with 69.5%, and commercial bonds with 51.5%, have experienced significant growth. Conversely, investments in government bonds have faced a decrease of 1.2% and in real estate a decrease of 2.2%.
On the other hand, investments outside Oman have also seen a 23.4% increase compared to last year. In this regard, investments in commercial bonds have shown a significant growth of 56%, cash and bank deposits by 24.9%, and investment funds by 22.7%.
Finally, four major companies in the insurance sector of Oman have accounted for about 44% of total investments in this sector. Dhofar Insurance Company leads with 113.3 million Omani rials, followed by Gulf Insurance Group with 108.2 million Omani rials and Life Insurance Company with 101.4 million Omani rials.
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